In a Partnership the Basis of Division of Net Income

question 10

Multiple Choice

In a partnership the basis of division of net income or net loss is usually referred to as

• A)the profit and loss ratio.
• B)the income and loss ratio.
• C)the income ratio.
• D)all of the above.

---

Definitions:

Traits

Enduring and distinct characteristics of an individual's personality that are consistent across different situations and time.

Abilities

A term for the various skills, talents, or competencies that an individual possesses, which may vary widely from person to person.

Reactance

A psychological response where individuals feel compelled to assert their freedom in reaction to perceived restrictions or coercion.

Attractiveness

The quality or combination of qualities that gives pleasure to the senses or pleasurably exalts the mind or spirit, often related to physical appearance but also including traits like charisma and intelligence.